Answer:
Explanation:
The market returns to an equilibrium resulting in the elimination of shortage.
Answer:
Elimination of a shortage
Explanation:
The reason is that when the demand increases and suppliers are charging high then the product moves out of the customers purchasing power range and as a result the demand of the product falls which equals the demand and supply of the product. So at this state, the shortage of the product is eliminated by equaling the demand to supply by charging high prices.
If Congress instituted an investment tax credit a. it would make buying bonds more desirable, so the demand for loanable funds would shift. b. it would make buying capital goods more desirable, so the demand for loanable funds would shift. c. it would make buying bonds more desirable, so the supply of loanable funds would shift. d. it would make buying capital goods more desirable, so the supply of loanable funds would shift.
Answer:
If Congress instituted an investment tax credit, it would make buying capital goods more desirable, so the demand for loanable funds would shift.
Explanation:
Buying of capital goods becomes more desirable if Congress institutes an investment tax credit, so the demand for loanable funds would shift because
it has been observed that an investment tax credit for businesses to expand usually results into the demand for loanable funds to increase
Ratios that measure the income or operating success of a company for a given period of time are called
A member firm receives a large block order to buy 100,000 shares of XYZ stock, which is not actively traded. Which customer(s) of the firm can buy XYZ stock prior to the filling of the block trade?
A. The registered representative who received the order
Correct Answer
B. Other customers of the firm who place buy orders, if the firm has information barriers in place
Incorrect Answer
C. Any customer of the firm who places an unsolicited order
D. No customer can buy the stock until the block order to buy is filled
Answer:
Other customers of the firm who place buy orders, if the firm has information barriers in place.
Explanation:
FINRA has strict rules against front running, and this is the process by which interested parties place orders for shares beforehand because they have insider information on how a share is going to perform in the future.
This rule is binding on any registered representative.
However if the firm has information barriers in place, any other customers that places a buy order will be assumed not to have insider knowledge of the share's expected performance. The FINRA rule is not binding on them.
"A merger transaction is not supported by the target firm's management," forcing the acquiring company to try to gain control of the firm by buying shares in the marketplace. This is an example of ________. A. hostile takeover B. financial merger C. strategic merger D. congeneric formation
Answer:
A. hostile takeover
A hostile takeover is the acquisition of one company (called the target company) by another (called the acquirer) that is accomplished by going directly to the company's shareholders in a bid to secure shares
A merger transaction not approved by the target company's management that forces the acquiring firm to buy shares in the marketplace is termed as a hostile takeover.
a is correct
Explanation:The situation where a merger transaction is not supported by the target firm's management, forcing the acquiring company to attempt to gain control by buying shares in the marketplace is known as a hostile takeover. In a hostile takeover, the acquiring company purchases the majority of the outstanding shares of the target company in the open market in an attempt to gain control.
This is mostly against the will of the target company's management. Unlike a friendly merger, where both companies' managements approve the deal, a hostile takeover happens without the endorsement of the target company's board.
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Suppose a movie theater determines it can charge different prices to patrons who go to weekday matinees and people who attend evening and weekend shows . The movie theater’s goal is to increase total revenue.The price elasticity of demand for weekend and evening patrons is -0.50, and the price elasticity of demand for matinee moviegoers is -1.70. Based on the price elasticity of demand for each group of people, how should the movie theater adjust its prices?
Answer:
increase the price of weekend and evening tickets
decrease the price of matinee tickets
Explanation:
If the price elasticity of demand is elastic, a small change in the price of movie tickets will cause a larger change in the quantity demanded. If the price elasticity of demand is inelastic, a large change in the price will cause a small change in the quantity demanded.
If the PED for weekend and evening patrons is inelastic, then the movie theater should increase the price of the weekend and evening tickets in order to increase total revenue. In this case, a 10% increase in price will result in a 5% decrease in sold tickets.
If the PED for matinee patrons is elastic, then the movie theater should decrease the price of the matinee tickets in order to increase total revenue. In this case, a 10% decrease in price will result in a 17% increase in sold tickets.
Which of the following refers to the strategic process of distributing, promoting, and pricing products, and discovering the desires of customers using digital media and digital marketing?
a. electronic marketing
b. social networking
c. digital retailing
d. mobile marketing
e. digital marketing
Answer:
a. electronic marketing
Explanation:
The electronic marketing refers to the strategic processing of the distribution and promotion and pricing of the products and discovery of the desires of the customers and users of their digital media in digital marketing to develop a strategic plan for the promotion of the marketing.Read the passage. Then answer the question that follows.
Jimena recently took out a fixed-rate loan from a bank in order to purchase a new car. She agreed to repay the loan within five years. Unexpectedly, the inflation rate rose dramatically shortly after she took out the loan.
Will this situation provide more financial benefit to Jimena or the bank? Why?
A Jimena, because the value of the money she was loaned will increase
B the bank, because the value of the money it loaned to Jimena will increase
C Jimena, because she will repay the loan with money worth less than the money she was loaned
D the bank, because it will be repaid with money worth more than the money it loaned to Jimena
Answer:
C Jimena, because she will repay the loan with money worth less than the money she was loaned
Explanation:
In simple terms, inflation shows how money value decreases over time. If the inflation rate rose dramatically, that means the value of money will decrease at a higher rate.
In this case, the present value of money will be much higher than the future value. Jimena gets loaned as the present value, but she will pay it at the future value which worth less than the present.
Luke and Mia are selling their home. They listed their house three months ago at an extremely high selling price, a price they randomly chose. They do not want to reduce the price to reflect what the marketplace shows their home is really worth. Luke and Mia are participants in _____ bias.
Answer:
anchoring and adjustment
Explanation:
Luke and Mia have determined a selling price based on the overall market review. The price they set was randomly selected by them and they do not want to reduce the price. In that regard, Mia and Luke have participants in Anchoring and adjustment. It is a phenomenon or an initial idea that helps to determine the starting point of a commodity.
A 68-year old new customer has investment objectives of preservation of capital and income in retirement. The customer has a low risk tolerance and is in the 35% marginal federal tax bracket and is in the 10% state tax bracket. Which investment recommendation would be most suitable for this client
Answer:
C) Pre-funded general obligation funds.
Explanation:
Since this customer is looking to preserve his capital and income in retirement (he is 68 years old, if he isn't retired, he will soon be). Since his tax bracket is very high, he should invest in bonds that do not pay federal income taxes, like pre-funded municipal bonds. These are very safe investments that generally have shorter maturity dates. That way, both of the client's needs will be met: secure investments and income.
The strategy that explains the methods that a division or an organization will use to compete against its rivals in the industry is a ________-level strategy.
Answer:
The strategy that explains the methods that a division or an organization will use to compete against its rivals in the industry is a business-level strategy
Explanation:
The business-level strategy focused on increasing the value of the business to the customer while keep trying to increase profit. We can divide the strategy into 4 main types based on the source of competitive advantage and the business scope.
When the business source of competitive advantage is cost, the business will trying to have the cheapest price compared to other competitors. Another option of the competitive advantage is the differentiation of the product, making different products than your competitor.
The scope will also be divided into two types. Broad scope is when the business target a wide range of the market. Narrow scope is when focusing at niche market.
When a business association holds itself out to others as being a corporation when it has made no attempt to , the firm normally will be from denying corporate status. When this occurs, courts will treat the entity as a corporation, but only for the purposes of resolving dispute.
incorporate
estopped
a single
Answer: Putting the terms incorporate , estopped and a single to make a meaning it becomes as seen in the explanation below.
Explanation: The question should be fill in the bracket with the terms - incorporate, estopped and single.
So it becomes.
When a business association holds itself out to others as being a corporation when it has made no attempt to INCORPORATE.
The firm normally will be ESTOPPED from denying corporate status. When this occurs, courts will treat the entity as a corporation, but only for the purposes of resolving a SINGLE dispute.
Answer:
When a business association holds itself out to others as being a corporation when it has made no attempt to INCORPORATE, the firm normally will ESTOPPED be from denying corporate status. When this occurs, courts will treat the entity as a corporation, but only for the purposes of resolving A SINGLE dispute.
Explanation:
This paragraph refers to corporations by estoppel, which are businesses that have not completed (or even started) the statutory requirements to incorporate, but act like corporations. This denomination is used by courts when individuals act like they are part of a corporation or a limited liability company and then if something goes wrong (and it usually does), will argue that they were never a corporation or LLC. The defendants will then be estopped by the court from denying that they were part of a corporation.
Obviously this type of behavior is carried out for something illegal, since there is no reason why someone should trick other people into believing that they are part of a corporation when they are not. Generally this type of acts result in frauds committed by issuing non-existent stocks and who knows how many more bad things.
Sarah just made a purchase on an online shopping site (such as amazon) and completed the checkout process by paying with her credit card. Which protocol was most likely used for the transmission of her information
Answer:
cryptographic protocol
Explanation:
Suppose the federal government operates under a budgetary deficit this year equal to $200B. Which of the following spending and tax revenue combinations would be consistent with this state of fiscal finance?
Answer: Spending = $ 450B and tax revenue = $ 250 B
Explanation:
A budget deficit occurs when expenses surpasses the revenue and indicate the financial health of a country. The government generally uses the term budget deficit when referring to spending rather than businesses or individuals.
The Smith family takes out a $10,000 loan for their son’s college education. Their son, Adam, completes college in 4 years. When he does the Smith family owes the $10,000 they originally borrowed plus the $2000 accrued in interest over the 4 years Adam was in school. What kind of loan did the Smith family take out?
A.Private Loan
B.Standard Loan
C.Subsidized Loan
D.Unsubsidized Loan
The Smith family likely took out an unsubsidized loan because interest accrued on their loan while their son was in college and had to be paid back in addition to the original amount after he graduated.
Explanation:The Smith family took out a loan for their son's college education, and after completing college, they owed the original amount plus accrued interest. Given that the interest accrued over the 4 years while Adam was in school, it suggests that loan payments were deferred until after graduation. This characteristic aligns with a federal Direct Unsubsidized Loan, where interest accumulates from the time the loan is disbursed, but payments can be deferred while the student is in school. Conversely, with a subsidized loan, the government pays the interest while the student is in school, so that would not align with the situation described. Therefore, the Smith family likely took out an unsubsidized loan.
If the production function exhibits decreasing returns to scale in the steady state, an increase in the rate of population would lead to:______________. 1. no growth in total output or in output per worker. 2. growth in total output but no growth in output per worker. 3. growth in total output but a decrease in output per worker. 4. growth in total output and growth in output per worker
Answer:
3. growth in total output but a decrease in output per worker
Explanation:
A production function depicts a functional relationship between production and factors of production such as land, labor, capital and entrepreneur.
In the long run, all factors of production are variable. Herein, an increase in factors of production leads to less than proportionate increase in a firm's output, it is referred to as decreasing returns to scale.
An increase in the population would lead to rise in the availability of a factor of production i.e labor. But such an increase would only increase the total output and output per worker won't increase and would keep falling owing to the operation of decreasing returns to scale.
Final answer:
An increase in the rate of population in the context of a production function with decreasing returns to scale leads to growth in total output but a decline in output per worker. This follows from the diminishing contribution each additional worker makes to output as more labor is added to a fixed amount of capital or land.
Explanation:
If the production function exhibits decreasing returns to scale in the steady state, an increase in the rate of population would lead to growth in total output but a decrease in output per worker. This outcome results from the fact that while more workers can produce more total goods, the efficiency by which each worker contributes to output declines. Hence, while the overall 'pie' is larger, the slices (output per worker) become smaller when divided among more people.
Diminishing returns occur when additional units of labor or other factors of production add steadily less to total output when other factors remain constant. This concept is particularly evident in scenarios where labor is added to a fixed quantity of land or capital, a situation famously discussed by Malthus, where he predicted a Malthusian trap due to the uncontrolled population growth outpacing the agricultural production needed to sustain it.
Returns to scale are an important aspect of production functions, assessing whether an increase in all inputs leads to a proportionate increase in output. With decreasing returns to scale, the percent growth in outputs is less than the percent increase in inputs, indicating that each additional input adds less to the output than the previous ones, exemplified by increased population not increasing output per worker equivalently.
Theodore and James have formed TJ Soft, an entrepreneurial venture to develop games and other kinds of software for consumers. Their company, which includes TJ Soft stores, is looking for opportunities in the future that include international operations. A game company in Thailand wants TJ Soft to join it and work together to create a new game that bears the brand name of both companies. What would be an appropriate approach for this venture?
Answer:
a global strategic alliance
Explanation:
A global strategic alliance is established between two or more countries that are established on different countries. In this case, TJ's headquarters are in the US and the other game company's headquarters are in Thailand. This type of alliance is very common when companies want to enter new international markets. For example, Volkswagen Group is the largest car manufacturer in the world, even though its headquarters are located in Germany, around 50% of the cars it sells are produced in China through a series of strategic alliances with Chinese car manufacturers. It was the first western car manufacturer to start producing cars in China and it really paid off for them. Its share of the Chinese car market is currently around 25%.
An appropriate approach for this venture would be to form a joint venture or partnership agreement between TJ Soft and the game company in Thailand. Both companies should conduct market research to understand the target audience and demand for the new game. Effective communication channels and project management systems should be established to ensure smooth collaboration and coordination.
Explanation:An appropriate approach for this venture would be to form a joint venture or partnership agreement between TJ Soft and the game company in Thailand. This would allow both companies to collaborate and combine their resources, expertise, and brand names to create a new game. The joint venture agreement should outline the terms and conditions of the partnership, including the sharing of costs, profits, and intellectual property rights.
Both companies should also conduct market research to understand the target audience and demand for the new game. This will help them determine the strategies and features to incorporate into the game to make it successful in the international market.
Additionally, the companies should establish effective communication channels and project management systems to ensure smooth collaboration and coordination during the game development process. Regular meetings, progress updates, and clear roles and responsibilities should be defined to ensure the project stays on track and meets the desired outcomes.
__________ is a strategy for the protection of information assets that uses multiple layers and different types of controls (managerial, operational, and technical) to provide optimal protection.
Answer:
Defense in depth
Explanation:
Defense in depth is secure strategy used for the protection of information assets that employs the use of multiple layers and different types of controls to provide optimal protection.
The phrase "defense in depth" is often associated with the field of cyber-security. It is a sure and secure way of storing data in a database. This methodology is an information assurance procedure that creates a multi-layered approach to avoid security breaches in handling of data.Consider an 8% coupon bond selling for $953.10 with three years until maturity making annual coupon payments. the interest rates in the next three years will be, with certainty, r1 = 8%, r2 = 10%, and r3 = 12%. calculate the bond's (a) yield to maturity and (b) realized compound yield
Answer:
a) YTM = 9.8%
b) realized compound yield is 9.9%
Explanation:
a) PMT = 80
par value FV = 1000
coupon rate = 8%
curent price PV = 953.1
years to maturity n = 3
Yield to maturity (YTM) = [tex]\frac{PMT+(FV-PV)/n}{(FV+PV)/2}[/tex] = [tex]\frac{80+(1000-953.1)/3}{(1000+953.1)/2}[/tex]= 9.8%
b) r2 = 10% = 100%+10%=1.1
r3 = 12% = 100%+12%=1.12
Realized compound yield:First, find the future value (FV. of reinvested coupons and principal
FV = ($80 *1.10 *1.12) + ($80 * 1.12) + $1080 = $1268.16
let a be the rate that makes the future value $1268.16
953.1(1+y)³ =$1268.16
(1+y)³=1.33
1+y=1.099
y = 0.099 = 9.9%
The correct statements will be that the yield to maturity of a bond with 8% coupon will be 9.8% and the realized compound yield for such bond will be 9.9%.
Bond yields can be calculated using the simple formulas of the above asked queries in the name of Yield To Maturity and realized compound yield by putting the values in the information provided below.
Bonds are the debt securities subscribed to by such creditors who are assured of a fixed interest rate at a predetermined rate on its maturity given that the conditions of such bond are fulfilled.The Yield to Maturity can be calculated with the following formula,[tex]\rm YTM= \dfrac {PTM+ (Future\ Value\ - Face\ Value)\ /2}{(Future\ Value+ Face\ Value)\ /2}[/tex]Putting the values in the formula we get, [tex]\rm YTM= \dfrac{80\ + (1000-953.1)\ /2}{(1000\ + 953.1)\ /2}[/tex]We obtain the values as[tex]\rm YTM= 0.098[/tex]So, the value of Yield To Maturity interest is 9.8%.Calculating the realized compound yield,[tex]\rm Realized\ Compound\ Yield= Present\ value\ (1 +\ y )^{2}[/tex]We get the values as , [tex]1268.16= 953.1\ \rm x\ (1+y)^2\\\\\\1.33 = (1 + y)^2\\\\\\1+y = 1.099[/tex]We finally get, [tex]\rm y = 0.099[/tex]The realized compounded yield is 9.9%Hence, the correct values for the Yield To Maturity is 9.8% whereas the realized compounded yield is 9.9%
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Puff Co. acquired 40% of Straw, Inc.'s voting common stock on January 2, Year 1, for $400,000. The carrying amount of Straw's net assets at the purchase date totaled $900,000. Fair values equaled carrying amounts for all items except equipment, for which fair values exceeded carrying amounts by $100.000. The equipment has a five-year life. During Year 1, Straw reported net income of $150,000. What amount of income from this investment should Puff report in its Year 1 income statement if Puff uses the equity method to account for the investment?
Answer:
Investment revenue = $52,000
Explanation:
Since Puff uses the equity method, the original journal entry to record the purchase of 40% of the shares should have been:
Dr Investment in Straw 400,000
Cr Cash 400,000
After one year, Straw earned $150,000 in net income, but it also had equipment with a fair market value higher than carrying value also depreciable by $100,000. So the net income must be adjusted = $150,000 - ($100,000 x 20%) = $130,000. The journal entry to record the adjusted income should be ($130,000 x 40%):
Dr Investment in Straw 52,000
Cr Investment revenue 52,000
Puff Co. should report $52,000 as income from the investment in Straw, Inc. on its Year 1 income statement under the equity method, accounting for its share of Straw's net income and adjusting for the amortization of the fair value excess of equipment.
Puff Co. acquired 40% of Straw, Inc.'s voting common stock for $400,000 when the carrying amount of Straw's net assets was $900,000. The fair value of the equipment was $100,000 more than its carrying amount. Since Puff Co. uses the equity method for accounting for this investment, it must recognize its share of Straw's net income and adjust for the excess of fair value over carrying amount.
Straw's net income for Year 1 is $150,000. Puff Co. would record 40% of this, which is $60,000, as its share of Straw's net income. However, we also need to factor in the excess fair value of equipment which is $100,000. Since the equipment has a five-year life, this excess should be amortized over five years. Thus, Puff Co. needs to recognize an additional $20,000 ($100,000/5 years) each year as additional expense. Subtracting 40% of $20,000 (which is $8,000) from Puff Co.'s share of Straw's net income ($60,000), we get $52,000 as the income from the investment Puff Co. should report in its Year 1 income statement.
If inflation is anticipated to be 6 percent during the next year, while the real rate of interest for a one-year loan is 5 percent, then what should the nominal rate of interest be for a risk-free one-year loan
Answer:
11%
Explanation:
Nominal interest rate = real interest rate + inflation rate
6% + 5% = 11%
Anticipated Inflation rate is the rate at which it is expected that price levels would rise.
Real interest rate is the rate of interest that has been adjusted for the effects of inflation.
I hope my answer helps you
Final answer:
The nominal rate of interest for a risk-free one-year loan, with an anticipated inflation rate of 6 percent and a real interest rate of 5 percent, should be 11 percent.
Explanation:
If inflation is anticipated to be 6 percent during the next year, and the real rate of interest for a one-year loan is 5 percent, then the nominal rate of interest for a risk-free one-year loan can be found using the Fisher equation which states that the nominal interest rate is the sum of the real interest rate plus the expected rate of inflation.
The formula for calculating the nominal interest rate is:
Nominal Interest Rate = Real Interest Rate + Expected Inflation Rate.So, if we plug in the numbers we get:
Nominal Interest Rate = 5% (Real Interest Rate) + 6% (Expected Inflation Rate) = 11%.Therefore, the nominal rate of interest that should be applied to a risk-free one-year loan would be 11 percent.
In examining its monthly bank statement, a company discovers that that its account was credited $30 for interest earned. The entry needed to adjust the company's cash balance for this reconciling item will include a:
To adjust the company's cash balance for an interest credit of $30, you would make a debit to the interest income account and a credit to the cash account.
In examining its monthly bank statement, a company discovers that its account was credited $30 for interest earned. To adjust the company's cash balance for this item, an entry needs to be made that includes a debit to interest income and a credit to the cash account.
True or false: Companies that use a perpetual inventory system never need to do a physical count of inventory because in a perpetual system cost of goods sold and inventory are kept up-to-date every time a sale is recorded.
Answer: False
Explanation: Companies who use a perpetual inventory system do a physical count of inventory at the end of the time despite having an up to date inventory. This is done to be certain and estimate what was recorded down corresponds to what they have in the merchandise kept in the premises of a shop available for sale or distribution. However, after the comparison, variations could exist due to some issues like the disappearance of inventory with no established explanation.
For any given demand curve for the right to pollute, the government can achieve the same outcome either by setting a price with a corrective tax or by setting a quantity with pollution permits. Suppose there is a sharp improvement in the technology for controlling pollution.
Illustrate the effect of this development on the demand for pollution rights.
Answer:
Usually, the government can achieve the same outcome either by setting a price with a corrective tax or by setting a quantity with pollution permits for any given demand curve for the right to pollute. But If there is a sharp improvement in the technology for controlling pollution for any given demand curve for the right to pollute, the effect of this development is a change in the demand for tradeable pollution rights as illustrated below.
Explanation:
Trading pollution rights has opened up a thriving market system for its demand by firms that emit carbon di oxide and other forms of air/water pollution to the environment.
This is where the exchange of permits or "rights" to release pollution residuals into the environment takes place.
These pollution permits is be bought and sold in by industries and government respectively .
Prices would vary according to the forces of supply and demand The total number of permits would be based on the amount of permissible pollution residuals that can be safely released into the environment during a given period of time. These permits could be given away or auction off to potential polluters, in most cases the highest bidder.
Suppose there is a sharp improvement n Technology for controlling pollution such as
industrial process machines that eliminates air pollution by collecting and recycling the harmful substance that should have escaped into the atmosphere for use or even for sale when the need for it has been discovered thereby reducing or controlling pollution.a mechanism that protects the environment by conserving and protecting natural resources while strengthening economic growth through more efficient production in industry and less need for households, businesses and communities to handle waste.The demand for pollution rights will drastically reduce.
Answer:
We will try to study this as the market for pollution rights.
The government supplies pollution rights and industries demand pollution rights. A sharp improvement in pollution controlling technology will cause a similar effect to a technological improvement that increases productivity in any other type of industry.
This technological improvement shifts the supply curve to the right, increasing the quantity supplied at every price level. The increase in the quantity supplied will result in a lower equilibrium price (lower tax) and an increase in the quantity demanded (more pollution rights demanded).
Fontana Manufacturing provided the following information for the month ended March 31: Sales Revenue $26,000 Beginning Finished Goods Inventory 8000 Ending Finished Goods Inventory 13,500 Cost of Goods Manufactured 15,600 Compute cost of goods available for sale.
Answer:
The correct answer is $23,600.
Explanation:
According to the scenario, the given data are as follows:
Beginning Finished goods = $8,000
Cost of Goods Manufactured = $15,600
So, we can calculate the cost of goods available for sale by using following formula:
Cost of goods available = Beginning Finished goods + Cost of Goods Manufactured
By putting the value we get,
Cost of goods available = $8,000 + $15,600
= $23,600
Hence, the cost of goods available for sale is $23,600.
Jake, who runs a health food store, finds it is rewarding to interact with customers who like to eat organic and health food. Hence, he is recognized in the local community. Which objective of retailing does Jake emphasize by this practice:__________
Answer:
Personal objective
Explanation:
The personal objectives of a job refer to the specific tasks and goals that the worker must meet in order to perform his/her job properly. The employer should inform every employee about the personal objectives of their job in order for them to know and understand what their employer expects from them.
Bob, the owner of Orthopedic Supply, just discovered that his trusted friend Ruth, his accountant for over 30 years, has been mishandling the company books and stealing from the company bank account. Bob must decide whether to ignore his friend's actions and avoid bad publicity for Orthopedic Supply, or to have Ruth arested for embezzlement. Bob is facing:________ a) a whistle-blower. b) a moral courage decision c) an issue of corporate governance. d) a social audit e) an ethical dilemma.
Answer: e) an ethical dilemma.
Explanation:An Ethical dilemma is a situation where a person is faced with two opposing options where one is a normal and appropriate thing to do while the other is concerned with ones Relationships.
Most managers are faced with Ethical dilemmas on a daily basis as they have to choose between Maintaining their friendships or strictly adhering to Ethical obligations and standards. Bob, the owner of Orthopedic Supply, is faced with an Ethical dilemma between sparing his friends and trusted friend and following Ethical standards.
The Lynx Manufacturing Company produces components used in electronic toys. In fiscal year 2017, Lynx earned an accounting profit of $3 million. However, Lynxes production facilities might have also been used to produce components for mobile phones, which would have generated $2 million in revenues and saved the company $500,000 in production costs. Which of the following statements is true?a) lynx earned an economic profit of $5.5 million. b) lynx earned an economic profit of $500,000.c) lynx suffered an economic loss of $500,000.d) lynx suffered an economic loss of $2.5 million.
Answer:
Option "B" is the correct answer to the following statement.
Explanation:
During the fiscal year 2017, The Lynx Manufacturing Company Received $2,000,000 Profit that helps the company to earn a profit of $5,000,000 in production cost.
This extra saved income in the fiscal year 2017 is called economic profit for the firm.
Therefore, Option "B" is the correct answer to the following situation.
When a manager assigns someone to work one-on-one with a new employee and show the new employee how the work is done, the training activity known as ______ is occurring.
Answer:
Coaching or Mentoring
Explanation:
When a manager assigns someone to work one on one with a new employee and show the new employee how the work is done , the training activity is known as coaching or mentoring is occurring.
Such type of training creates a relationship between the new employee and an experienced professional employee who teaches the new employee the different ways and methods to perform the work in a more efficient and effective manner.
Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives. The indirect labor can be traced to four separate activity pools. The budgeted activity cost and activity base data by product are provided below. Activity Cost - Activity Base Procurement $315,600 Number of purchase orders Scheduling $200,900 Number of production orders Materials handling $443,500 Number of moves Product development $717,100 Number of engineering changes Production $1,438,900 Machine hours Number of Purchase Orders Number of Production Orders Number of Moves Number of Engineering Changes Machine Hours Number of Units Disk drives 4,080 360 1,460 15 2,200 1,900 Tape drives 1,700 125 760 5 8,600 4,300 Wire drives 11,500 870 3,700 21 10,600 2,400 Determine the activity rate for materials handling per move.a. $58.82
b. $50.00
c. $20.83
d. $80.65
Please kindly note that none of the
Options given in the question is correct.
The correct answer is calculated and explained below
Answer:
$79.92 per move.
Explanation:
Activity rate can be calculated by dividing Activity cost budgeted for the particular activity pool by the Estimated or Total Activity base for that pool
Activity rate = Budgeted activity cost ÷ Estimated or Total Activity base
In the question above,
Budgeted Activity cost for material handling = $443,500
Estimated or Total Activity base for material handling (Summation of Total moves) = 1,460 + 760 + 3,700 = 5920 moves
Activity rate = $443,500 ÷ 5920
= $79.92 per move.
The correct activity rate for materials handling per move is $74.92, after dividing the total cost for materials handling ($443,500) by the total number of moves (5,920).
Explanation:To calculate the activity rate for materials handling per move, we use the total budgeted activity cost for materials handling and divide it by the total number of moves. The budgeted activity cost for materials handling is given as $443,500. The total number of moves from all products (disk drives, tape drives, and wire drives) are 1,460 + 760 + 3,700 moves which equals 5,920 moves.
To find the rate per move, we perform the following calculation:
Activity Rate = Total Cost for Activity / Total Number of Moves
= $443,500 / 5,920 moves
= $74.92 per move.
Therefore, the correct activity rate for materials handling per move is $74.92, which means none of the provided options (a, b, c, d) are correct.
A consumer is consuming at a point on her budget line. Her income is $50 a week, and she purchases hamburgers and grilled cheese sandwiches. Hamburgers cost $4, and she consumes 10 of them. She consumes eight grilled cheese sandwiches. How much do grilled cheese sandwiches cost?
Answer:
Each grilled cheese costs $1.25
Explanation:
Giving the following information:
Her income is $50 a week. Hamburgers cost $4, and she consumes 10 of them. She consumes eight grilled cheese sandwiches.
To calculate the price of the grilled cheese sandwiches, we need to use the following equation:
Income= cost of hamburgers*number of units + cost of grilled cheese*number of units
50= 4*10 + x*8
10=8x
$1.25= x= grilled cheese